Financial planning tools for 2023

Retirement savings are important for the future as it is always good to have a pool of funds in case of an uncalled-for event like a health condition or expenses related to your house or car. It is always good to get started on your savings journey early on. The tools mentioned here are not just about putting aside money every month, but would rather encourage you to change your spending and savings habits and help you with budgeting for today and planning for the future.

• Financial advice – the Financial Markets Authority (FMA) website has a library of information on financial advice. As an employee of Westpac you also have access to Westpac’s financial advisers.
• Budgeting tool – helps set goals for spending to ensure money goes where you want it to.
• Money Talks – talk to someone about setting new budget goals for the new year.
• Risk tolerance tool – how much risk are you willing to take on with your investments? This tool can help give you a guide.
• Retirement calculators – how much money do you think you might need for retirement? These tools can help you plan ahead! Try the MySuper Planner designed specifically for the Scheme or try Sorted’s Retirement calculator https://sorted.org.nz/tools/retirement-calculator.